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The Bancorp TBBK shares rallied 11.8% in the last trading session to close at $46.99. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 15.5% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This holding company for The Bancorp Bank is expected to post quarterly earnings of $1.22 per share in its upcoming report, which represents a year-over-year change of +15.1%. Revenues are expected to be $147.67 million, up 19.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For The Bancorp, the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on TBBK going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
The Bancorp is part of the Zacks Banks - Northeast industry. Washington Trust Bancorp WASH, another stock in the same industry, closed the last trading session 4.7% higher at $27.42. WASH has returned -10.2% in the past month.
Washington Trust's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.62. Compared to the company's year-ago EPS, this represents a change of -3.1%. Washington Trust currently boasts a Zacks Rank of #3 (Hold).
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The Bancorp, Inc. (TBBK) : Free Stock Analysis Report
Washington Trust Bancorp, Inc. (WASH) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).